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How many people ordering a meal (often out of laziness) per day vs thinking and searching the mysteries of universe? Economically it makes sense that Uber gener
by gwervc 2y ago
How many people ordering a meal (often out of laziness) per day vs thinking and searching the mysteries of universe? Economically it makes sense that Uber generates a lot more of cash.
- chrisandchris 2y agoI think you misinterpreted that there shall be a correlation between _valuation_ and _earnings_. Ubers _first_ ever positive year was 2013, after 15 years in business [1] . Uber may be generating cash, but it's also loosing (lost) cash a lot faster than it was generating it. By taking 2013 as reference (~2 billion), it needs another 5 of those years just to recover from its losses in 2012 (9 billion). I understand the economics behind it, but its valuation is way out of reality. [1] https://www.theverge.com/2024/2/8/24065999/uber-earnings-profitable-year-net-income https://www.theverge.com/2024/2/8/24065999/uber-earnings-pro...